LakeCitiesSun.com
Anthony Scott // December 17, 2009
Lake Dallas City Council is considering implementing a Tax Increment Finance Zone to help boost development dollars and secure money for a Denton County Transportation Authority membership.
City Attorney David Berman presented an explanation of what Tax Increment Finance districts are to Lake Dallas City Council last Thursday night. The city is looking at the possibility of creating a TIF district about 60-square aces near the intersection of Swisher Road and Interstate Highway 35E.
"The TIF will help with the funding of public projects and perhaps grants for private development," said City Manager Earl Berner. "The TIF promise, that is increased tax revenues can be used to borrow funds for capital expenditures up front just like we do with other large capital projects in the City although the annual debt service will be paid from TIF funds."
Council talked about getting an A-train rail station along Interstate Highway 35E and possibly using the money for grants to developers to bring the city transit-oriented development.
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Showing posts with label DCTA. Show all posts
Showing posts with label DCTA. Show all posts
Sunday, December 27, 2009
Area transportation needs face financial hurdle
Fort Worth Business Press
Leslie Wimmer // December 21, 2009
Funding will be the major hurdle for North Texas to begin a regionwide transportation overhaul.
Officials from area businesses, governments and community organizations gathered at the Fort Worth Sheraton on Dec. 11 to listen to speakers discuss economic development, transportation plans and funding challenges during the “Tracks to the Future: Rail and Economic Development in North Texas” event.
About 300 people attended the day-long event which was hosted by a number of area organizations. Speakers included State Sen. Wendy Davis; members of Fort Worth’s City Council; Mayor Mike Moncrief; representatives from the Fort Worth Transportation Authority; Dallas Area Rapid Transit; the Denton County Transportation Authority; the Texas Department of Transportation; the cities of San Antonio, Austin, Dallas, Fort Worth, Oklahoma City and Portland; and other area business and government leaders.
Vision North Texas Project Manager Karen Walz told the event’s crowd that the Dallas-Fort Worth region is expected to hit a population of 12 million by 2050.
“Think about what that means if we just keep doing what we’ve been doing and taking care of growth the way we have been,” she said.
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Leslie Wimmer // December 21, 2009
Funding will be the major hurdle for North Texas to begin a regionwide transportation overhaul.
Officials from area businesses, governments and community organizations gathered at the Fort Worth Sheraton on Dec. 11 to listen to speakers discuss economic development, transportation plans and funding challenges during the “Tracks to the Future: Rail and Economic Development in North Texas” event.
About 300 people attended the day-long event which was hosted by a number of area organizations. Speakers included State Sen. Wendy Davis; members of Fort Worth’s City Council; Mayor Mike Moncrief; representatives from the Fort Worth Transportation Authority; Dallas Area Rapid Transit; the Denton County Transportation Authority; the Texas Department of Transportation; the cities of San Antonio, Austin, Dallas, Fort Worth, Oklahoma City and Portland; and other area business and government leaders.
Vision North Texas Project Manager Karen Walz told the event’s crowd that the Dallas-Fort Worth region is expected to hit a population of 12 million by 2050.
“Think about what that means if we just keep doing what we’ve been doing and taking care of growth the way we have been,” she said.
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Sunday, August 23, 2009
Denton County Transit Authority Purchases Property for Highland Village-Lewisville Lake Station
From: LakeCitiesSun.com
August 20,2009
August 20,2009
The Denton County Transportation Authority closed on two properties on the southeast corner of I-35E and Garden Ridge Boulevard. The properties will serve as the site for the Highland Village/Lewisville Lake station.
The purchases included a 1.1 acre tract for $1,508,391.83 and a 1.434 acre tract for $1,255,069. This acquisition of the 2.5 acres completes the station acquisition phase of the A-train project.
"This final phase of property acquisition illustrates our commitment to bringing rail service to Denton County. The progress we have made thus far is a direct result of the hard work of our board and employees and the support of our local and regional partners," said Charles Emery, DCTA Board Chairman. "The cities of Lewisville and Highland Village have been strong supporters of DCTA and continue to work with us to make the A-train a reality."
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